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14-16 Allen St, Somerville MA 02143

$1,699,900

Estimated $4,025/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $566,633.33

Total Rent: 63600/year

Estimated CAP Rate:

6 Bedrooms

Baths

3597

Total Parking: 4 (1 Garage)

3,446 (0.08)

Somerville's fastest changing address is right here beside the newly opened Union Square T station and next door to the under-construction USQ, a 17 acre mixed use project of residential, retail, office, lab space, and a 27000 sf neighborhood park! Renovated 3 family house offers 3 modern 2br units, flexible layouts, ample parking, and 1c garage. Modern kitchens with quartz countertops; gorgeous hardwood floors, spacious rooms with over 1100 sf per unit. With the Greenline at the end of Allen Street, newer windows, bathrooms, and high efficiency systems, these rental units have ridiculous investment upside. WalkScore 94 and perfect BikeScore of 100; just minutes to Assembly Row, Harvard, MIT, and Downtown Boston.

This home has been viewed 64 times

Last Checked: May 7th, 2024 at 1:25am (Source: MLS PIN #73065100)

Gross Income: $63,600

Gross Expenses: $15,228

Net Income Calc: $48,372

Water Views

Annual Expenses for 14-16 Allen St, Somerville MA 02143

Total Gross Expenses (Calculated)$15,228/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15228

Annual Income & Unit Breakdown for 14-16 Allen St, Somerville MA 02143

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 14-16 Allen St, Somerville MA 02143

Listing ID73065100

Property TypeMulti Family / 3 Family

Price1699900 ($472.59/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3597

Approximate Lot Size (Acres)0.08

Total Parking4 (1 Garage)

Garage Parking1

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 14-16 Allen St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Compensation Based OnNet Sale Price

Financial Information for 14-16 Allen St, Somerville MA 02143

Real Estate Taxes15228

Tax Year2022

Assessed Value$1,495,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 14-16 Allen St, Somerville MA 02143

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 14-16 Allen St, Somerville MA 02143

Agent

Name: Charles Ball

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 617-666-2121

Payment Calculator

, Interest

Property Taxes 1269

Principal & Interest 10474.24

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Charles Ball

Agent Phone

Office Phone

(617) 666-2121

Text Agent Call Agent Call Office

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EXIT

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Closed

14-16 Allen St, Somerville MA 02143

$1,699,900

Annual Expenses for 14-16 Allen St, Somerville MA 02143

Annual Income & Unit Breakdown for 14-16 Allen St, Somerville MA 02143

General Information for 14-16 Allen St, Somerville MA 02143

Disclosures for 14-16 Allen St, Somerville MA 02143

Financial Information for 14-16 Allen St, Somerville MA 02143

Location Information for 14-16 Allen St, Somerville MA 02143

Contact Information for 14-16 Allen St, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Charles Ball